Andrew Farrell
Honorary Treasurer at Royal Economic Society- Claim this Profile
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Bio
Olivier Dehon
When we worked together on the Xerox SAP implementation, Andy led the overall team through a complicated stakeholder management and made sure that we would deliver our key objectives on time and on budget. He ensured that the inevitable changes on the way would not compromise the end point vision. Finally he made sure that our people would always be treated with fairness and respect.
Tina Fahm
Andy made a significant contribution to the financial standing of the School, its estate and quality of services to students and staff. I am particularly grateful for his support and encouragement as Chair of the School's Audit Committee.
Olivier Dehon
When we worked together on the Xerox SAP implementation, Andy led the overall team through a complicated stakeholder management and made sure that we would deliver our key objectives on time and on budget. He ensured that the inevitable changes on the way would not compromise the end point vision. Finally he made sure that our people would always be treated with fairness and respect.
Tina Fahm
Andy made a significant contribution to the financial standing of the School, its estate and quality of services to students and staff. I am particularly grateful for his support and encouragement as Chair of the School's Audit Committee.
Olivier Dehon
When we worked together on the Xerox SAP implementation, Andy led the overall team through a complicated stakeholder management and made sure that we would deliver our key objectives on time and on budget. He ensured that the inevitable changes on the way would not compromise the end point vision. Finally he made sure that our people would always be treated with fairness and respect.
Tina Fahm
Andy made a significant contribution to the financial standing of the School, its estate and quality of services to students and staff. I am particularly grateful for his support and encouragement as Chair of the School's Audit Committee.
Olivier Dehon
When we worked together on the Xerox SAP implementation, Andy led the overall team through a complicated stakeholder management and made sure that we would deliver our key objectives on time and on budget. He ensured that the inevitable changes on the way would not compromise the end point vision. Finally he made sure that our people would always be treated with fairness and respect.
Tina Fahm
Andy made a significant contribution to the financial standing of the School, its estate and quality of services to students and staff. I am particularly grateful for his support and encouragement as Chair of the School's Audit Committee.
Credentials
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Chartered Global Management Accountant (CGMA)
The Chartered Institute of Management Accountants -
Fellow of Chartered Institute of Management Accountants (FCMA)
The Chartered Institute of Management Accountants -
Fellow of the Association of Corporate Treasurers (FCT)
Association of Corporate Treasurers
Experience
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Royal Economic Society
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United Kingdom
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Civic and Social Organizations
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1 - 100 Employee
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Honorary Treasurer
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May 2021 - Present
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The British Academy
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United Kingdom
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Research
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100 - 200 Employee
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Interim Director of Finance and Corporate Services
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Apr 2019 - Oct 2019
Finance and Corporate Services Director Finance and Corporate Services Director
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London North West Healthcare NHS Trust
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United Kingdom
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Hospitals and Health Care
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700 & Above Employee
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Non Executive Director
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Aug 2015 - Jul 2019
A large university health trust serving nearly 1 million people in North West London, incorporating Central Middlesex, Northwick Park, Ealing and world renowned St Mark's hospitals and community services. Chairman Quality and Safety Committee, member Finance and Performance Committee, member Remuneration and Appointments Committee, member (previously Chairman) Audit Committee A large university health trust serving nearly 1 million people in North West London, incorporating Central Middlesex, Northwick Park, Ealing and world renowned St Mark's hospitals and community services. Chairman Quality and Safety Committee, member Finance and Performance Committee, member Remuneration and Appointments Committee, member (previously Chairman) Audit Committee
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The London School of Economics and Political Science (LSE)
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United Kingdom
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Higher Education
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700 & Above Employee
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Chief Financial Officer, Finance Director
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Jan 2003 - Sep 2015
Chief Financial Officer responsible for the finances of the world's leading social science university, a £305m turnover company with 3000 employees. The LSE is a company limited by guarantee earning less than 7% of its income from govt grants. Responsible for Finance, Procurement, Estates, Facility Management, Residences and Information Management and Technology. Initially appointed as Finance Director to run the Finance Division, within my first year I was promoted to Director of Finance and Facilities with responsibilities for Estates and Student Residences. In 2012 I was given further responsibility for IT. I was promoted to CFO in 2013 managing 700 employees, a directly managed budget of £80m p.a. and responsibility for delivery of the £300m 10 year capital development programme. Principal achievements include: -Outstanding return on research quality investment with 2014 assessment placing LSE research quality ahead of Oxford and Cambridge. -Financial development, with revenue increased from £100m to £300m, and net debt eliminated with sector leading surpluses for 12 consecutive years. -Restructuring financing in 2003 with £75m bilateral facility and successful £125m private debt placement in 2013. -Campus transformation including acquisition and development of New Academic Building, Economics at 32 Lincoln's Inn Fields, Saw Swee Hock Student Centre, shortlisted for 2014 Sterling Prize, the acquisition of 44 Lincoln's Inn Fields and planning for redevelopment of Central Campus. -Improvement in residential provision with 5 new halls of residence in Central London -Improvement in facilities management services from toilet cleaning and waste management to security for public events with high-profile speakers including Tony Blair, Bill Clinton and Dmitry Medvedev. -Improvement in IT services including High Performance Computing facility for quantitative research. -IIP and/or Customer First accreditations. -Excellent reputation with both students and academic.s Show less
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LSE Consulting
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Education Administration Programs
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1 - 100 Employee
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Non Executive Director
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2003 - Sep 2015
Non-Executive Director of LSE Enterprise Ltd, a company that delivers consultancy services and custom education programmes to corporations, government organisations and NGOs. Non-Executive Director of LSE Enterprise Ltd, a company that delivers consultancy services and custom education programmes to corporations, government organisations and NGOs.
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Xerox
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United States
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Business Consulting and Services
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700 & Above Employee
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Director Business Operations Support, Europe
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Jan 2002 - Dec 2002
Xerox is a $120billion company with 150,000 employees worldwide. European finance leadership role created to drive service culture into the finance function and to provide excellent finance business partnering support to European Business Operations Directors. Directly managed European business division Financial Controllers, Global Contracts and Pricing, Enterprise Reporting and Management Information Systems finance. Strategic services delivered included new business model development and deployment, major programme support, systems and infrastructure development, reporting and accounting improvement, customer financing improvement. Operational services included revenue and margin optimisation, operational management support, accounting and reporting, accounting policy and internal controls, billing to collection and purchase to pay process management and finance functional competency development. Successfully negotiated $230m sale of Xerox Italy's Leasing Business to ABB Structured Finance. Show less
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Xerox
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United States
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Business Consulting and Services
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700 & Above Employee
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Director, SAP/Shared Financial Services Programme, Xerox Europe
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1998 - 2001
Managed the migration from legacy country based organisations to a new Shared Financial Services Organisation in Dublin, supporting customer administration, purchase to pay and accounting for over 20 countries in Europe and the Middle East. I led dedicated teams of Xerox, EDS and PricewaterhouseCoopers Consulting staff in UK, Ireland, Italy, France, Spain and Belgium designing and implementing common processes and systems, with successful first SAP implementation in Belgium in August 2001. The SFS/SAP programm generated savings in excess of $100m per annm in selling, administrative and general expenses. The processes implemented are still the foundation of the businesses' customer administration and accounting today, 14 years on, albeit with much support activity now in Indonesia. Show less
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Xerox
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United States
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Business Consulting and Services
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700 & Above Employee
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Financial Controller
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Oct 1995 - Sep 1997
Assigned as the head of finance in Xerox Russia, a $100m business, to turn financial management around and bring processes under control after earlier unsustainable business development had overwhelmed capabilities leading to bad debts, stock write offs and rapid cost escalation, in a very challenging environment of significant control ethics and security issues. Merged the Russian company and UK representative office accounting functions delivering 30% cost savings. Established a Russian ceasing subsidiary company. Personally involved in significant commercial and property negotiations to resolve effects of criminal actions against the company. Installed management accounting, balane sheet controls, credit evaluation and cash collection processes, management controls on sales margins and ethics code of conduct to ensure compliance with US Foreign Corrupt Practices Act and Xerox Ethics Policy. Show less
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Xerox
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United States
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Business Consulting and Services
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700 & Above Employee
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European Controller
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1991 - 1995
Head of finance, accounting and IT for a $300m division of Xerox operating in 8 countries in Europe. Line manager to HQ staff and functional manager to 8 country controllers. Working in partnership with Accenture (then Andersen Consulting) I led the design and implementation of a pan-European Oracle ERP system for accounting and customer administration, with associated process and organisation changes. The achievements in improved customer service, lower costs, better management reporting and internal controls were recognised by a 1996 Xerox President's Award for extraordinary contribution to Xerox Corporation. I chaired the Audit Committees of the 8 country subsidiaries, and leading a strong Internal Controls improvement programme turned around 6 countries from unsatisfactory or poor controls rating to "satisfactory" (the highest.) I also managed the integration of Xerox Engineering Systems finance and accounting in Europe with Versatec Colour Graphics, following its acquisition in 1990. Show less
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Assistant Treasurer
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1988 - 1991
Management of European foreign exchange exposures with $5billion p.a. transactions. Management of UK and European cash and banking and short term liquidity management.
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Manager Sterling Group Reporting
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1986 - 1988
Production of statutory accounts for Rank Xerox Limited and Rank Xerox Group. Preparation of management briefings, analysts' briefings and Q&A for Rank Organisation and Xerox Corporation board meetings and public results announcements.
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Manager Group Financial Analysis
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1984 - 1985
Planning, forecasting and reporting group results, variance analyses. European product pricing control. Developed product and contract Unit Profitability Analysis Model. Major Capital Project appraisal. Provided finance support for design and operation of European senior managers pay incentive schemes.
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Manager Balance Sheet Planning and Control
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1981 - 1984
Europe and Middle East balance sheet and cash flow forecasting and management reporting, inventory and inter-company accounting, group accounts consolidation, exchange rates impacts analysis, obsolescence minimisation.
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Senior Accountant, Inventories
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1980 - 1981
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Hartland and Eastwood Limited (A Delta Group company)
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Cannock, Staffordshire
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Company Secretary and Accountant
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1978 - 1980
Statutory and management reporting to division HQ, payroll and pensions adminstration, credit and cash collection, inventory management, introduction of product costing. Member of senior management team involved in trade union negotiations at a time of great indutrsial unrest and conflict in the UK. Statutory and management reporting to division HQ, payroll and pensions adminstration, credit and cash collection, inventory management, introduction of product costing. Member of senior management team involved in trade union negotiations at a time of great indutrsial unrest and conflict in the UK.
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Group Delta Consultants, Inc.
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United States
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Civil Engineering
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1 - 100 Employee
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Graduate Accountant development programme
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1977 - 1978
Assignments at Group Head Office, Strategic Planning unit, Midland Electric Manufacturing Limited, Conex Sanbra Limited, subsidiaries of the Delta Group and CIMA professional accountancy training. Assignments at Group Head Office, Strategic Planning unit, Midland Electric Manufacturing Limited, Conex Sanbra Limited, subsidiaries of the Delta Group and CIMA professional accountancy training.
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Education
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University of Cambridge
Master of Arts - MA, Economics -
The London School of Economics and Political Science (LSE)
Executive Summer School, Managing Risk in Organisations -
Henley Management College
Master of Business Administration (MBA), Management